N.Y. Fed: Consumer Expectations Deteriorate Sharply for the Second Consecutive Month
May 12, 2020
May 12, 2020
NEW YORK, May 12 -- The Federal Reserve Bank of New York issued the following news release on May 11:
The Federal Reserve Bank of New York's Center for Microeconomic Data released the April 2020 Survey of Consumer Expectations, which shows considerable deteriorations in households' expectations about most economic outcomes. The perceived probability of losing one's job reached a new series' high for the second consecutive month. Expected earnings, income, and spending growth each re . . .
The Federal Reserve Bank of New York's Center for Microeconomic Data released the April 2020 Survey of Consumer Expectations, which shows considerable deteriorations in households' expectations about most economic outcomes. The perceived probability of losing one's job reached a new series' high for the second consecutive month. Expected earnings, income, and spending growth each re . . .